Hannover Ruck (OTCMKTS:HVRRY – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.
Hannover Ruck Stock Down 1.1%
HVRRY opened at $48.72 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $35.25 billion, a price-to-earnings ratio of 12.06 and a beta of 0.19. Hannover Ruck has a one year low of $43.00 and a one year high of $55.72. The business’s fifty day moving average is $48.63 and its two-hundred day moving average is $48.57.
Hannover Ruck (OTCMKTS:HVRRY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $7.43 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Hannover Ruck had a return on equity of 18.15% and a net margin of 9.33%. Analysts anticipate that Hannover Ruck will post 4.45 EPS for the current fiscal year.
About Hannover Ruck
Hannover Rück SE, also known as Hannover Re, is a Germany-based global reinsurance group headquartered in Hannover. Founded in 1966, the company provides reinsurance solutions to insurance companies and other risk-bearing organizations rather than primarily selling insurance directly to individual consumers.
Hannover Re’s main business is divided into property and casualty reinsurance and life and health reinsurance. Its services include risk transfer, catastrophe coverage, specialty reinsurance, structured solutions and insurance-linked products.
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